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Define the following:standard format question
Variance
A measure of the spread or dispersion of a set of data points around the mean value.
Objectivity
The quality of being unbiased, unprejudiced, and impartial, not influenced by personal feelings or opinions in considering and presenting facts.
Suppliers
Entities that provide goods or services to another organization, often playing a critical role in the supply chain and production processes.
Holding Cost
The cost to keep or carry inventory in stock.
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